Updated 1 day ago on . Most recent reply
[Calc Review] Help me analyze this deal - I am new
Hello everyone. I am new to investing and bigger pockets. My dad handed me over a rental. It needs $20k worth of work. I plan to finish it in 6 months. It should bring the ARV to around $85k. I am thinking i will refinance for 40K and pay off the rehab loan and use the other 20K to buy the next property. am i doing something wrong? Guidance appreciated.
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